“The US Commodity Futures Trading Commission has no legal obligation to study the costs of its controversial commodity position limits rule and requiring it to do could imperil financial reform efforts, Better Markets argued in a court filing Monday.”

“In an amicus brief filed with the US District Court for the District of Columbia, the non-profit, financial reform advocacy group called it ‘inconceivable’ that Congress would pass financial reform legislation following 2008’s financial crisis only to have the reforms hinge on a rule-by-rule study of the costs to industry.”

 ” ‘This, Better Markets argues, would ignore “the overriding purpose of the new regulatory framework” and would give ‘controlling weight to cost concerns from the very industry that precipitated the crisis.’ “

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